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Monday, October 15, 2007

Church Mausoleums

Ms. Leigh Ann Jeter

Director of Marketing

Stewart Enterprises, Inc.

1333 S. Clearview Parkway

Jefferson, LA70121

Subject: New Markets

Dear Ms. Jeter:

My firm represents a client in your industry that has developed a program to convert old church facilities into mausoleums and market them to its parishioners.Working from long lists of emotionally bound parishioners, they believe, will significantly accelerate the mausoleum sales effort.Old church facilities, many large and ornate, now exist in every region of the country and sell for a fraction of replacement value; some are simply irreplaceable in craftsmanship i.e. Catholic Dioceses.We are in process of patenting the business model, special use and property conversion design features of the program to protect it for our exclusive use.

We seek a joint development and marketing partner to promote the new market.Stewart Enterprises provides an ideal partner for a number of reasons; 1) your existing sales force of 1,000 commissioned salespeople, 2) your current presence in a number of strong markets, 3) our low debt of entry into new markets, 4) our lists of existing parishioner attraction to new market, 4) our low cost entry into new market regions of the country, and 5) our exclusively protected growth opportunity.Low cost entry into emotionally charged captive new markets that are exclusively claimed just for us should be attractive to Stewart Enterprises as you seek to expand and maintain low debt.

There are hundreds of these facilities on the market.Because of their special and limited use to others these facilities often sit on the market for years and eventually sell at deep discount by these motivated sellers.One aspect of our business model proposes to work with these motivated sellers, pre-sale to their parishioners, aggressively promote same from the pulpit, and afford the church a better price for their facility, albeit on creative terms tied to the sales success.This business model provides a low cost means, but for the commissioned pre-sale effort, of new market entry across the nation.

What follows is a small sampling of existing facilities now on the market.Please consider the new market potential of this program and how well it may work with Stewart Enterprises marketing.I will contact you shortly to discuss, however, feel free to contact me before if you have any questions.

Dunwoody, GAChurch in the heart of Dunwoody GA. Sanctuary with cathedral ceiling and seating for approx...

Status:

Active

Price:

$1,650,000

Bldg. Size:

20,000 SF

Cap Rate:

N/A

Primary Type:

Religious Facility

Church of PentecostChicago, ILFormer bank building currently used as a church. Over 10,000 square ft. on 3 floors plus a full basement. Sanctuary accomodates over 500 now and...

Status:

Active

Price:

$995,000

Bldg. Size:

10,500 SF

Cap Rate:

N/A

Primary Type:

Religious Facility

First Christ Scientist ChurchDayton, OHHistoricChurchBuilding, built in 1924. Well maintained building in terrific location. Sanctuary seats about 800. Lots of multi-purpose space. ...

Status:

Active

Price:

$2,000,000

Bldg. Size:

16,000 SF

Cap Rate:

N/A

Primary Type:

Religious Facility

ChurchOakland, CALand and structure is currently being used as a church. Building was a movie theater prior to conversion to a church.

Status:

Active

Price:

$1,999,000

Bldg. Size:

8,555 SF

Cap Rate:

N/A

Primary Type:

Religious Facility

Preview Not Available

Religous/School FacilityIndianapolis, INEagledaleBaptistChurch and ChristianSchool is relocating to a new campus. This facility is in pristine condition and is an excellent opportunity...

Status:

Active

Price:

$2,500,000

Bldg. Size:

44,000 SF

Cap Rate:

N/A

Primary Type:

Religious Facility

Preview Not Available

3380 Walnut Grove RoadSparta, TNBeautifulChurch facility located just off Highway 111 South in WhiteCounty. Church features 17,000 square feet, licensed daycare center for up to...

Status:

Active

Price:

$419,000

Bldg. Size:

17,000 SF

Cap Rate:

N/A

Primary Type:

Religious Facility

Preview Not Available

Grace ChurchMichigan City, INWonderful old former school building now a church. Many updates and this building has many potential uses. Great in town location. 1.9 acres of land...

Status:

Active

Price:

$299,000

Bldg. Size:

14,000 SF

Cap Rate:

N/A

Primary Type:

Religious Facility

Preview Not Available

Church PropertyNorcross, GAGorgeous and BeautifulTwoStoryStoneBuilding with 8,000SF Main Sanctuary on a 6.34 acres Lot. +250 seat Chapel upstairs and 4,000SF Fellowship...

Status:

Active

Price:

$1,700,000

Bldg. Size:

13,000 SF

Cap Rate:

N/A

Primary Type:

Religious Facility

Preview Not Available

Former Woodlawn Church of God LocationClearwater, FLFormerChurch-WorshipCenter located in South Clearwater.1.9 ACRE MOL site overall-.Divided into 2 Parcels-Multiple Buildings on site. Recent merger...

Status:

Active

Price:

$1,750,000

Bldg. Size:

17,000 SF

Cap Rate:

N/A

Primary Type:

Religious Facility

Preview Not Available

LaVerna HeightsSavannah, MOLaVernaHeights community in SavannahMo. is a one of a kind property in Nortwest Missouri. the sisters of Saint Francis have lived in this building...

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